Which theory suggests that employees can be motivated by objectives that are specific and challenging but achievable and that have rewards tailored to individual needs?

Goal setting theory

Explanation:

Setting goals is important to keep motivated in order to achieve certain objectives. According to the theory of goal setting, employees should set some goals, goal setting will keep them strong, focus and satisfied. Employees should set realistic and achievable goals to achieve. It indirectly guides a person towards achieving and fulfilling their aims and goals.

Dr Cash 1,166,400

Cr Notes Receivable 1,000,000

Cr Interest Revenue 166,400

Explanation:

To determine the net amount of the notes receivable that will be recorded, we must determine the present value of the note:

present value = 1,166,400 / (1 + 8%)² = 1,166,400 / 1.1664 = 1,000,000